Information and phase transitions in socio-economic systems

Information and phase transitions in socio-economic systems

We examine the role of information-based measures in detecting and analysing phase transitions. We contend that phase transitions have a general character, visible in transitions in systems as diverse as classical flocking models, human expertise, and social networks. Information-based measures such as mutual information and transfer entropy are particularly suited to detecting the change in sc...

Noise induced transitions in some socio-economic systems

The paper proposes the use of some stochastic methods in order to explain the presence of the critical points in macroeconomic time series, starting from the classical linear model input-output elaborated by W. Leontief. The development of the model (N. GeorgescuRoegen, 1971) yields the set of the linear differential equations describing the dynamics of a system containing two or more interdepe...

Complexity in Socio-Economic Systems

Socio-economic characterristics of farmers and use of agricultural information sources in fars province iran

Heterogeneity and increasing returns may drive socio-economic transitions

There are clear benefits associated with a particular consumer choice for many current markets. For example, as we consider here, some products might carry environmental or ‘green’ benefits. Some consumers might value these benefits while others do not. However, as evidenced by myriad failed attempts of environmental products to maintain even a niche market, such benefits do not necessarily out...